Forex Trading Signal for 26th June 2013

                                                                                


Japan (Tokyo)                               United Kingdon (London)                        USA (New York)

For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 

EUR/USD

 Down Trend :

 (1) SELL

E/P: 1.30940

T/P: 1.30500

S/L: 1.31400

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GBP/USD

Down Trend:

(1) SELL

E/P: 1.54274

T/P: 1.53900

S/L: 1.54600

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USD/JPY

Up Trend:

(1) BUY

E/P: 97.606

T/P: 98.000

S/L: 97.200

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USD/CHF

Up Trend:

(1) BUY

E/P: 0.93697

T/P: 0.94000

S/L: 0.93300

NOTE: The above posted Signals are delayed 2 - 4 hours after it has been  generated.
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Forex - EUR/USD trading close to 3-week lows

FTS-Forex Trading: The euro was trading close to three-week lows against the dollar on Wednesday after a series of upbeat U.S. data releases on Tuesday reinforced the view that the economic recovery is on track.

EUR/USD hit 1.3057 during late Asian trade, the pair’s lowest since June 5; the pair subsequently consolidated at 1.3066, dipping 0.09%.

The pair was likely to find support at 1.3000 and resistance at 1.3143, Monday’s high.

U.S. consumer confidence rose to highest level since January 2008 in the current month, data on Tuesday showed, while another report showed that U.S. new home sales rose to an almost five year high May.

A separate report showed that U.S. durable goods orders rose unexpectedly in May.

Fed Chairman Ben Bernanke said last week that the bank could begin tapering asset purchases by the end of this year if the economy continues to pick up.

Meanwhile, fears over a credit squeeze in China eased after the country’s central bank indicated Tuesday that it was acting to support financial institutions with liquidity.

The euro was lower against the pound and the yen, with EUR/GBP down 0.14% to 0.8470 and EUR/JPY falling 0.46% to 127.34.

Finance ministers from the European Union were to hold talks in Brussels on Wednesday, while the U.S. was to release revised data on first quarter economic growth.

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Most Asian stocks track U.S. higher; Nikkei down 0.75%.

Most Asian stocks rebounded Wednesday following a strong performance by their U.S. counterparts on Tuesday. 

In Asian trading Wednesday, Japan’s Nikkei 225 fell 0.75%, reversing gains seen earlier in the session. Japanese stocks fell after traders took profits in USD/JPY, which spent much of the early part of the session trading to the upside only to fall slightly into negative territory as the day went along. 

Hong Kong’s Hang Seng rose 0.60%, but the Shanghai Composite dipped 1.57% amid lingering fears about credit issues at Chinese banks. The People’s Bank of China, that country’s central bank, said it will work to ensure stability in the banking system after SHIBOR rates spiked last week. 

The Shanghai Composite is in the midst of a six-day losing streak and is headed for its lowest close since January 2009, the darkest days of the global financial crisis. 

Australia's S&P/ASX 200 jumped 1.6% as traders appeared to be doing some bargain-hunting with Australian equities. Stocks there are looking to avoid a fifth consecutive losing day. On Monday, yields on Australia's 10-year sovereign bonds rose to their highest levels in more than four years. 

New Zealand’s NZSE 50 surged 1.69%, indicating that buyers may be stepping into the New Zealand market in search of value despite weakness in Chinese shares. Both Australia and New Zealand count China as their largest export market. 

South Korea’s Kospi fell 0.19% a day after the won hit a 1-year low against the dollar. The weak yen and the looming end of U.S. quantitative easing continue to plague South Korean equities. 

Singapore’s Straits Times Index added 0.56% while S&P 500 dropped 0.41% a day after the benchmark U.S. index climbed 0.95%.

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Forex - USD/JPY rises on strong U.S. data

The U.S. dollar traded higher against the Japanese yen during Wednesday’s Asian session as the greenback got a lift from several constructive U.S. economic data points. 

In Asian trading Wednesday, USD/JPY rose 0.27% to 98.06 after earlier trading as high as 98.24. The pair was likely to find resistance at 98.70, Monday's high, and support at 96.97, the earlier low. 

Wednesday’s Asian session was light on marquee data points from the region’s most influential markets and that gave traders an opportunity to focus on U.S. economic news. 

In U.S. economic news out Tuesday, the S&P/Case-Shiller Index of home prices in 20 U.S. metro areas rose 12.1% in April. The 10-city index gained 11.6%. All 20 cities were positive for the fourth straight month. Atlanta, Dallas, Detroit and Minneapolis had the largest year-over-year gains. 

The Commerce Department said new home sales rose 2.1% to a seasonally adjusted annual rate of 476,000 units – the highest level in nearly five years. expected new home sales to rise to a 462,000-unit rate in May. Sales surged 29% year-over-year. 

U.S. consumer confidence rose to 81.4 in June, easily beating the reading of 75 economists expected. The May reading was 74.3. The U.S. consumer is estimated to account for 70% of GDP in the world’s largest economy. 

Combining the U.S. data points with the fact that fears are easing over a possible Chinese credit crunch allowed traders to boost the greenback while lifting Japanese stocks. Not surprisingly, Japanese exporters were among the prime beneficiaries of the weaker yen Wednesday. 

Elsewhere, EUR/JPY rose 0.15% to 128.17 while AUD/JPY added 0.18% to 90.76. NZD/JPY rose 0.12% to 75.83.

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Forex Trading Signal for 25th June 2013

                                                                                


Japan (Tokyo)                               United Kingdon (London)                        USA (New York)

For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 

EUR/USD

 UP Trend :

 (1) BUY

E/P: 1.31111

T/P: 1.31400

S/L: 1.30600

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GBP/USD

Up Trend:

(1) BUY

E/P: 1.54177

T/P: 1.54600

S/L: 1.53700

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USD/JPY

Down Trend:

(1) SELL

E/P: 97.876

T/P: 97.400

S/L: 98.300

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USD/CHF

Down Trend:

(1) SELL

E/P: 0.93363

T/P: 0.93000

S/L: 0.93700

NOTE: The above posted Signals are delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

To subcribe: click here

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U.S stocks gain on consumer confidence and housing data; Dow up 0.69%

U.S. stocks rose on Tuesday after better-than-expected consumer confidence and housing data fueled hopes the world's largest economy continues to make fundamental improvements.

At the close of U.S. trading, the Dow Jones Industrial Average finished up 0.69%, the S&P 500 index ended up 0.95%, while the Nasdaq Composite index rose 0.82%.

U.S. consumer confidence rose to its highest level since January 2008 this month.

The Conference Board said its index of U.S. consumer confidence rose to 81.4 in June from 74.3 in May, well above expectations for a reading of 75.4.

Elsewhere, the Commerce Department said U.S. orders for durable goods rose 3.6% in May, outstripping expectations for a 3.0% gain, which also fueled the rally along with good news out of the housing market.

The Commerce Department said U.S. new home sales rose by 2.1% to 476,000 units in May, the highest level since July 2008 and well above expectations for an increase of 1.3% to 462,000. 

Home prices are on the rise as well.

The Standard & Poor's/Case-Shiller 20-city house price index rose 12.1% in April from a year earlier, above expectations for a 10.6% increase. 

U.S. home prices in March rose by 10.9%.

Leading Dow Jones Industrial Average performers included Bank of America, up 3.09%, Verizon Communications, up 2.69%, and JPMorgan Chase, up 2.26%.

The Dow Jones Industrial Average's worst performers included UnitedHealth Group, down 1.45%, Merck, down 0.39%, and Microsoft, down 0.12%.

European indices, meanwhile, finished higher.

After the close of European trade, the EURO STOXX 50 rose 1.26%, France's CAC 40 rose 1.51%, while Germany's DAX 30 finished up 1.55%. Meanwhile, in the U.K. the FTSE 100 finished up 1.21%.

On Wednesday, the U.S. is to release revised data on first-quarter economic growth as well as government data on crude oil stockpiles.

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European stocks remain sharply higher, sentiment recovers; Dax up 1.42%

European stocks remained sharply higher on Tuesday, as concerns that the Federal Reserve coud taper its bond buying program before the end of the year began to ease, boosting market sentiment. 

During European afternoon trade, the EURO STOXX 50 rallied 1.18%, France’s CAC 40 gained 1.26%, while Germany’s DAX 30 jumped 1.42%. 

On Monday, Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis, said the central bank was committed to continuing its bond purchase program until the U.S. unemployment rate falls further.

Dallas Fed President Richard Fisher also downplayed market jitters over tapering as overdone.

Global stocks had weakened after Fed Chairman Ben Bernanke said last week that the bank could begin slowing asset purchases by the end this year if the economy continues to pick up. 

Financial stocks were broadly higher, as French lenders BNP Paribas and Societe Generale surged 2.08% and 1.26%, while Germany's Deutsche Bank climbed 1.46%. 

Peripheral lenders added to gains, with Spanish bank Banco Santander ans BBVA rallying 0.83% and 1.28%, while Italy's Intesa Sanpaolo advanced 0.64%. 

Elsewhere, Peugeot soared 5.50% after Europe’s second-largest carmaker said it has received more than 26,000 orders in Europe for the 2008-model crossover. 

In London, FTSE 100 jumped 0.88%, as U.K. lenders continued to track their European counterparts higher. 

Shares in the Royal Bank of Scotland climbed 1.25% and Lloyds Banking rallied 1.42%, while HSBC Holdings and Barclays surged 2.52% and 1.47%. 

Mining stocks also remained on the upside, as BHP Billiton and Rio Tinto gained 0.99% and 1.23% respectively, while Vedanta Resources jumped 1.95%. 

Adding to gains, ARM Holdings soared 3.63%, even as Investec upgraded the company to "buy" from "hold", citing the stock’s recent decline. 

In the U.S., equity markets pointed to a higher open. The Dow Jones Industrial Average futures pointed to a 0.48% increase, S&P 500 futures signaled a 0.52% climb, while the Nasdaq 100 futures indicated a 0.59% gain. 

Later in the day, the U.S. was to release official data on durable goods orders and reports on home sales and consumer confidence.

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U.S. futures higher ahead of data, Fed jitters ease; Dow Jones up 0.32%

U.S. stock futures pointed to a higher open on Tuesday, ahead of the release of U.S. data as concerns that the Federal Reserve will soon scale back its stimulus program eased. 

Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.32% rise, S&P 500 futures signaled a 0.33% gain, while the Nasdaq 100 futures indicated a 0.42% increase. 

On Monday, Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis, said the central bank was committed to continuing its bond purchase program until the U.S. unemployment rate falls further.

Dallas Fed President Richard Fisher also downplayed market jitters over tapering as overdone.

Global stocks had weakened after Fed Chairman Ben Bernanke said last week that the bank could begin slowing asset purchases by the end this year if the economy continues to pick up. 

Tech stocks were expected to be active, after Microsoft and Oracle announced a tie-in to garner advantage against newer, web-based cloud computing companies. Microsoft shares were up 0.22% in pre-market trade, while Oracle climbed 0.46%. 

Aircraft manufacturer Boeing was also likely to be in focus, after the company said it posted orders for 232 aircraft in May, up from 51 the month before, marking an 85% seasonally adjusted month-on-month surge. 

Among Internet-related companies, Google shares gained 0.37% after hours, as an adviser to the European Union’s top court said the company can’t be forced to remove material from its search engine that was legally posted on other websites. 

Elsewhere, U.S. hospital operator Tenet Healthcare was slated to remain in the spotlight for the second consecutive session, after saying it will buy smaller rival Vanguard Health Systems for USD4.3 billion or USD21 per share including debt to expand into new locations. 

Other stocks likely to be in focus included Carnival, Lennar, Walgreen and Barnes & Noble, due to report quarterly results later in the day. 

Across the Atlantic, European stock markets were sharply higher. The EURO STOXX 50 jumped 1.34%, France’s CAC 40 surged 1.44%, Germany's DAX rallied 1.56%, while Britain's FTSE 100 advanced 0.90%. 

During the Asian trading session, Hong Kong's Hang Seng Index added 0.21%, while Japan’s Nikkei 225 Index dropped 0.72%. 

Later in the day, the U.S. was to release official data on durable goods orders and reports on home sales and consumer confidence.

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